For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Maharashtra for its Chinchinim branch in South Goa, Chinchinim, Goa, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of Maharashtra located in South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code MAHB0001350. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Chinchinim, South Goa

The table below shows the main details of the IFSC Code MAHB0001350 for the Bank Of Maharashtra branch in South Goa, which falls under the Chinchinim district in Goa.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001350
Branch Chinchinim
City South Goa
District Chinchinim
State Goa
Address H. No.296, Cartina, Secream Vaddo, Chinchinimmargaon-Chinchinim

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in South Goa for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001350 for the Chinchinim branch of Bank Of Maharashtra has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Chinchinim, South Goa, Goa, are allotted a unique IFSC like MAHB0001350 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in South Goa.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like South Goa and Chinchinim.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of Maharashtra in Chinchinim reaches the right place, even though there are thousands of branches in Goa and across India.

Format of the IFSC Code MAHB0001350

The format of the IFSC Code for banks, including Bank Of Maharashtra, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Bank Of Maharashtra, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Chinchinim in South Goa.

For example, the IFSC Code MAHB0001350 of Bank Of Maharashtra for the Chinchinim branch includes these elements, identifying the bank and the branch location in South Goa and Goa correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0001350 of Bank Of Maharashtra for its Chinchinim branch located in South Goa, the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of Maharashtra include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of Maharashtra branches in South Goa and Chinchinim, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of Maharashtra and find the branch locator section. Search for Chinchinim or South Goa to get the exact IFSC Code MAHB0001350.

Mobile Banking App

If you use Bank Of Maharashtra's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Bank Of Maharashtra and South Goa that will provide accurate information.

How to Use IFSC Code MAHB0001350 for Online Transfers?

Once you have the IFSC Code MAHB0001350 for the Chinchinim branch of Bank Of Maharashtra in South Goa, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0001350. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0001350.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of Maharashtra Chinchinim in South Goa, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of Maharashtra in Chinchinim, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Bank Of Maharashtra website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in South Goa to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Chinchinim, South Goa?

The IFSC Code is MAHB0001350.

Is the IFSC Code MAHB0001350 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Maharashtra Chinchinim?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Chinchinim branch?

The address of the branch is H. No.296, Cartina, Secream Vaddo, Chinchinimmargaon-Chinchinim located in South Goa, Chinchinim, Goa.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.